Indians can now get UAE's Golden Visa without trade license, property purchase
Dubai, Jul 7 (PTI): The United Arab Emirates government has started a new type of Golden Visa, which will be based on nomination, albeit with some conditions, unlike the current practice of investing large amounts in either property or business here.
Until now, one of the ways to get Dubai's Golden Visa from India was to invest in property whose value should be at least AED Two Million (Rs 4.66 crore), or invest a large amount in business in the country.
Under the “new nomination-based visa policy,” Indians can now enjoy the UAE's Golden Visa for life by paying a fee of AED 1,00,000 (INR around 23.30 lakh), beneficiaries and people involved in the process have told PTI.
Over 5,000 Indians will apply for this nomination-based visa in three months, they said.
India and Bangladesh have been selected for the first phase of testing this visa, and a consultancy named Rayad Group has been chosen to test the initial form of the nomination-based golden visa in India.
Rayad Kamal Ayub, Managing Director of Rayad Group, said this is a golden opportunity for Indians to get the UAE's Golden Visa.
Whenever an applicant applies for this Golden Visa, we will first check their background, which will include anti-money laundering and criminal record checks, as well as their social media,” said Rayad Kamal.
The background check will also show if and how the applicant can benefit the UAE’s market and business activities in any other way such as culture, finance, trade, science, Start Up, professional services, etc.
“After this, RayadGroup will send the application to the government, which will make the final decision on the nomination-based Golden Visa,” he added.
Applicants seeking the UAE Golden Visa under the nomination category may obtain pre-approval from their home country without the need to visit Dubai.
“Applications can be submitted through One VASCO centres (visa concierge service company) in India and Bangladesh, our registered offices, our online portal, or our dedicated call centre,” he added.
After getting the Golden Visa, one gets the freedom to bring his or her family members to Dubai. “You can also keep servants and drivers based on this visa. You can do any business or professional work here,” Rayad Kamal said, adding, the property-based Golden Visa ends in case of property sale or division, but the nomination-based visa will remain forever.
The UAE government's initiative and India's selection as the first country for this visa reflect the strong business, cultural, and geopolitical relations between India and the UAE, which have become stronger after the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, effective May 2022.
The Golden Visa nomination process is an agreement between the UAE and its (Comprehensive Economic Partnership Agreement) CEPA signatory/partner countries. This is a pilot project which has started with India and Bangladesh and will soon include China and other CEPA countries.
RayadGroup and VFS have been chosen to vet the applicants and then forward them to the UAE authorities.
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England sticking with Key, McCullum and Stokes despite Ashes humbling
London (AP): England is not sacking anybody following the 4-1 Ashes loss in Australia.
A review of the tour by the England and Wales Cricket Board, announced within hours of the final match in January, was concluded on Monday. Firing people would “be the easy thing to do,” ECB chief executive Richard Gould said but he insisted, "This is not the time to throw everything out."
Managing director Rob Key, coach Brendon McCullum and captain Ben Stokes kept their jobs after the best England side to go to Australia in 14 years lost the Ashes in 11 days with two games to spare.
“Moving people on can sometimes be the easy thing to do. That's not the route that we're going to take,” Gould said. “I've seen the driving ambition and determination that we're lucky enough to have within our leadership group to take the lessons from the Ashes and move forward.”
Gould previously was the chief executive of Bristol City soccer club and said the ECB would not follow the same route as soccer's hire-and-fire culture.
“Cricket is a very unique sport in that it takes a team of leadership ... it's not like football where there's a single point of failure or success with a manager," he said. He added the ECB would not “select or deselect management based on a popularity campaign.”
The main criticisms of England's tour were poor preparation, player misbehavior, and selection mistakes.
At a press conference at Lord's, Gould and Key said McCullum and Stokes have not had a “bust up,” they did not want McCullum to “completely change” but “to evolve,” the behavior of some players was “unprofessional,” there will be more consequences for underperforming, and a commitment to “better long-term planning” ahead of major test series.
Some changes were already implemented for the Twenty20 World Cup, where England reached the semifinals. Gould implied that performance saved McCullum.
Key acknowledged that England supporters would be disappointed to see the management team go unpunished.
“I know people want punishment and that people then should be sacked for that,” Key said. “That doesn't mean we don't feel like we've gone through some serious pain: Brendon, myself, Ben. It's been as tough a time as I think I've had.”
